Mustard oil softens on muted local demand

In restricted activity, mustard oil prices declined by Rs 50 per quintal at the wholesale oils and oilseeds market today on easing local demand.

However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at the last levels.

Traders said, subdued demand from local parties against adequate stocks position led to the decline in mustard oil prices.

In the national capital, mustard expeller (Dadri) oil shed by Rs 50 to Rs 7,600 per quintal.

Following are today's quotations (in Rs per quintal):

Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut seed Rs 2,150-2,900.

Vanaspati Ghee (15-litre tin) Rs 800-1,000.

Edible oils: Groundnut Mill delivery (Gujarat) Rs 8,400, Groundnut Solvent Refined (per tin) Rs 1,720-1,820, Mustard expeller (Dadri) Rs 7,600, Mustard Pakki Ghani (per tin) Rs 1,265-1,310, Mustard Kachi Ghani (per tin) Rs 1,315-1,415, Sesame Mill delivery Rs 9,500, Soybean Refined Mill Delivery (Indore) Rs 7,600, Soybean Degum (Kandla) Rs 7,200, Crude Palm Oil (Ex-Kandla) Rs 5,500, Cottonseed Mill delivery (Haryana) Rs 7,200, Palmolein (RBD) Rs 7,050, Palmolein (Kandla) Rs 7,100 and Coconut (per tin) Rs 3,100-3,150.

 

Non-edible oils: Linseed Rs 9,000, Castor Rs 7,100-7,200, Neem 5,350-5,450.